Housing Prices in 07114, NJ

How much do homes in 07114, NJ cost?

Median List Price

$407,000

$287/sqft

Based on all homes listed in the last 12 months.

Difference Since March 2023

+$122,000(+42.8%)

Key Takeaway

The list price of homes in 07114 has increased by 42.8% since last year.

Summary: The median home list price in 07114 was $407,000 in March 2024, up 42.8% from the previous year, and the median price per square foot was $287.

Median List Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $195K-
N/A
2 $267K$349K
+30.7%
3 $260K$350K
+34.6%
4 $352K$395K
+12.2%
5+ -$579.5K
N/A

Summary: 07114 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.7%, 3 bedroom homes increased by 34.6%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

07108
+57.1%
07114
+42.8%
07112
+36.8%
07105
+33.4%
07102
+32.1%

Housing Supply in 07114, NJ

How many homes are available in 07114, NJ?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1416+14.3%

Summary: The 07114 real estate market had 16 homes for sale in March 2024, a 14.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 33
0.0%
3 23
+50.0%
4 22
0.0%
5+ 78
+14.3%

Summary: The 07114 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.

Days on Market for 07114, NJ

How long does it take to sell a home in 07114, NJ?

Average Listing Age

Mar 2023Mar 2024CHANGE
83 Days109 Days+31.1%

Summary: Homes in 07114 had an average listing age of 109 days in Mar 2024, up by 31.1% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in 07114, NJ

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